Updates

ITV - Special dividend and strong prospects for advertising growth lifts shares

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With unemployment falling and the economy growing nicely this is the sweet spot for advertisers and ITV posted results slightly ahead of forecast. Turnover grew 8% to £2,590m but an £11m reduction in financing costs meant pretax profit rose 23% to £712m. Eps increased 23% to 13.8p, while the dividend rose a third to 3.3p and there was a special dividend of 6.25p.Broadcasting & online grew profit 17% to £568m with advertising revenues rising 6% to £1,629m, while it launched ITV Encore, a pay only channel and ITVBe, a free-to-air channel for younger female audiences. However, the audience share of its family channels fell 5%.ITV Studios, its production business, grew revenues 9% to £933m ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Nichols - Results beat forecasts

TMI Trader Portfolio - April '15

ITV (July 2020)

ITV (September 2018)

ITV - Shares on the turn (July 2018)

ITV (April 2018)

ITV - Another special dividend (April 2017)

ITV - Another £25m cost savings targeted (September 2016)

ITV - Pays 10p special dividend (May 2016)

ITV - Results beat expectations (September 2015)

ITV - Bid hopes drive up shares (October 2014)

ITV - Acquires Leftfield Entertainment (June 2014)

ITV - Strong franchise in free-to-air commercial TV (November 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X